Chola Inv Finance shares drop 0.74% as Sensex rises
Cholamandalam Investment & Finance Company Ltd. traded 0.74 per cent down at Rs 1621.75 at 01:33PM (IST) on Tuesday, even as BSE benchmark Sensex gained 52.73 points to 84981.34. The stock had closed at Rs 1634.0 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 1650.0 and Rs 1011.5, respectively.
As per BSE data, total traded volume on the counter till 01:33PM (IST) stood at 01:33PM shares with turnover at Rs 1.79 crore.
At the current price, the stock trades at 37.29 times its trailing 12-month earnings per share of Rs 43.53 per share and 4.96 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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